Token-Analyst: 7% of all Bitcoin will be gehodlt of stock exchanges

According to the Research company Token Analyst for almost 7 percent of the entire Bitcoin (BTC) current bid is located in the Wallets of eight major crypto currency exchanges.

On 8. October found Token-Analyst, via Twitter, that the amount of Bitcoin (BTC), which is stored on Exchange Wallets, has increased in the history of Bitcoin is steadily increasing. The Twitter Account of Token-Analyst provides real – time and historical Blockchain data. It is estimated that around 1.2 million Bitcoin are currently in the wallets of eight major crypto-currency exchanges, the referred to Token Analyst as the “biggest Hodler”.

Exchanges are the biggest #Hodler 💼

6.7% (~$9.8 B) of all the BTC in circulation is currently held on exchange wallets

Through price rallies & crashes, we see that the stockpile of $BTC on exchange wallet has consistently been decreasing.

More info https://t.co/mZE95eHagc pic.twitter.com/saWWLmJKNT

Token analyst (@thetokenanalyst) October 8, 2019

The Token Analyst shared graph shows that the Huobi Group has the largest share of BTC in their Wallets. The world’s largest crypto-currency exchange Binance and the leading crypto-trading derivatives platform BitMEX, but also large amounts of BTC. Blockchain.com, a leading provider of crypto-Wallets, and Blockchain-Explorer, published on 8. October, a blog post with the title “The World’s ‘Hardest’ Asset is Ironically Virtual”. In the report, the company wrote:

In the last few months we have to contend with increasing financial, trade and political instability, which has led to a growing concern about a larger global economic downturn. The American and Chinese trade dispute, Brexit and other European political turmoil, a further state of bankruptcy and the return of capital controls in Argentina, as well as challenges for the role of the Central banks and their independence weighed on the markets.

The blog post goes on to say, that “have developed hard assets” such as Bitcoin and Gold in times of political and economic uncertainty, historically well. The demand for “Hard Assets” to rise in the world. Hard assets are a type of property that will be assessed on the limited offer, the Blog. In contrast to the “soft assets” such as stocks, bonds, and Fiat currencies whose supply can be relatively easily increased to help hard assets, manage risks better and to obtain the long-term value in times of economic downturn. The Post also confirms that the Central banks of countries around the world increasingly acquire Gold.

The report by the Wallet provider suggests, however, that Bitcoin is a better investment than Gold.

In contrast, the ever-growing supply of Bitcoin, which has a hard limit of 21 million units (“coins”) is. The 11 years ago for the first time publicly introduced in the software Protocol of the Bitcoin regulates a fixed and algorithmically deterministic total offer, which will not be affected, in contrast to Gold price changes.

Crypto market is in the upward trend

The top 20 crypto-currencies are currently showing an upward trend, the Bitcoin exchange rate leads the price movement and to 5.25 percent to 8.627 USD has risen. Ethereum has risen by 6.88 percent to 192 USD and XRP can only recorded a slight increase of 1.9 percent to 0.28 USD. As the price of Bitcoin rose, once again, have some grö0ßere Bitcoin transactions to observe how Whale reported Alert. In the last 24 hours some of the biggest Bitcoin holders in the world have moved a total of 6.517 BTC to a value of 53.6 million dollars. Most of the transactions seem to be the distributor, the transfer of your digital Assets, crypto-exchanges to personal Wallets.

Crypto analyst Josh Rager says, however, that Bitcoin bulls have shifted the Momentum in their favor:

Currently, Bitcoin has made a solid Move. With a Push of up to $8.675, this High-Volume mode (arrow) to tap into, would be a Break above this range is bullish. With preferred break and close above 8.750 $. However, still no confirmation, until the price is above this Level will increase.

$BTC update Zoomed Out

Currently Bitcoin has had a solid move today

With a push up to $8675 to tap that high-volume mode (arrow) a break above this area would be bullish

With preferred break and close above $8750

Not out the woods yet until price closes above this area pic.twitter.com/Z32Df3mmmt

— Josh Rager 📈 (@Josh_Rager) October 9, 2019

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